Rs 27,890 crore order book: This railway wagons company bags new order worth Rs 350,00,00,000 from Gujarat Metro Rail Corporation Ltd!

The stock gave multibagger returns of 155 per cent in just 6 months, 425 per cent in 1 year and a whopping 1,880 per cent returns in 3 years.

Titagarh Rail Systems Ltd (formerly known as Titagarh Wagons Limited) signed a contract with Gujarat Metro Rail Corporation Ltd (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars valued at Rs 350,00,00,000 for Ahmedabad Metro Rail Phase-II Project. The Ahmedabad Metro Rail Phase-II Project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km of Metro lines to the city's existing network.

Order Book: The order book stands at Rs 27,890 crore as of June 30, 2023 (Passenger Rolling Stocks orders amounting to Rs 12,716 crore and Freight Rolling Stocks orders amounting to Rs 6,300 crore).

On Friday, shares of Titagarh Rail Systems Ltd gained 6.09 per cent to Rs 843.40 per share from its previous closing of Rs 795. The stock traded at an intraday high of Rs 866 and an intraday low of Rs 800 with a spurt in volume by more than 1.54 times on BSE.

According to the Quarterly Results, the net sales increased by 54.08 per cent to Rs 935.45 crore, operating profit increased by 70.87 per cent to Rs 121.86 crore and net profit increased by 52.38 per cent to Rs 71.08 crore in Q2FY24 compared to Q2FY23.

In FY23, net sales increased by 44 per cent to Rs 2,780 crore compared to FY22. The company reported a net profit of Rs 126 crore in FY23, compared to a net loss of Rs 1 crore in FY22. An ace investor, Akash Bhanshali owns 12,95,079 shares or 1.08 per cent stake in the company as of June 2023. Additionally, FIIs have increased their stakes 7.05 per cent to 16.85 per cent in the September quarter (Q2FY24).

 Titagarh Rail Systems Ltd a leading railway wagon company in India, mainly manufactures and sells freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment and bridges, ships, etc. The company is also expanding its capacity and setting up component facilities in both operating segments.

The stock gave multibagger returns of 155 per cent in just 6 months, 425 per cent in 1 year and a whopping 1,880 per cent returns in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: This article is for informational purposes only and not intended as investment advice.